Team Kelley Blog
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Schaumburg Probate Law
Schaumburg law firm practicing in probate law in Schaumburg. What is probate? Very simply put probate is the court process where a deceased individuals assets are distributed. A deceased person's assets are distributed according to a valid will or pursuant to Illinois intestacy statutes. What is an intestacy statute? An intestacy statute is the state statute that governs how a deceased...
Estate Planning Myths
Estate Planning Myths Explained I Can do my Estate Planning Later, Right? Maybe, but in general there are only two time zones in estate planning: (1) before you need it; and (2) it's already too late. The best time to make sure you have a proper estate plan is right now. It is much more effective to get your estate planning done now. It is much more complicated and difficult to do...
What is an Illinois ABLE Account?
What is an Illinois ABLE account. An Illinois ABLE account is just one of the special needs planning tools available. ABLE stands for Achieving a Better Life Experience. The act was signed into law under the Obama administration and allows for the creation of tax advantageous savings accounts. The act allowed states to set up programs that function similar to 529 college savings plans. The Able...
Disposing of Your Digital Life
Digital estate planning in Schaumburg and Hoffman Estates will play an important part of your estate plan. When Illinois enacted the Revised Uniform Fiduciary Access to Digital Assets Act, it joined a growing number of states that are trying to address a fiduciary’s access to digital accounts and assets. When an individual dies or is disabled or incapacitated, family members are often unfamiliar...
Illinois Trust Code
As we continue to shelter at home and as we slowly resume our daily activities it may be a good idea to confirm that your estate plan is in order. It could bring you peace of mind to confirm your Will, Trust, Power of Attorney for Property and Power of Attorney for Health Care are up to date. Recent changes in the law may warrant reviewing your existing...
Help During Covid-19 Pandemic
The Covid-19 pandemic has heightened awareness of estate planning needs. As family members and loved ones have unexpectedly been hospitalized over the past few months, the importance of having one’s affairs in order has become painfully evident. Forethought, planning and advice from a trusted professional can alleviate much worry, stress and anxiety, lessen burdens and frustrations,...
Paycheck Protection Program
What is the Paycheck Protection Program? The Paycheck Protection Program is a potentially forgivable loan to help small businesses maintain payroll and cover expenses during the covid-19 pandemic. Who can apply for a Paycheck Protection Program loan? small businesses with 500 or fewer employees (or if the business is accomodations or food services 500 employees or less per location)501(c)(3)...
Small Business Loans-CARES Act
On Friday March 27, 2020 the United States passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Attached to this Post is a guide to the programs that may be available to your business. Call or email an attorney at Kelley, Kelley & Kelley to discuss ways we can help you obtain small business loan relief during these times. What can the CARES Act do for your business? Capital...
Covid-19 Planning
From all of the attorney's and staff of Kelley, Kelley & Kelley we want to let all of our clients and the public at large know that we are here with you and we are prepared to assist in these difficult times. We are here to offer services to you including virtual services and no-contact appointments. We are here to help you plan during difficult times such as these. Powers Of Attorney: In...